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FlySafair CEO: Buying Mango will keep prices low

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Cape Town - Raising capital to take over Mango won't be tough, said FlySafair as it repeated its offer to take over loss-making Mango Airlines.

Mango Airlines, 100% owned by South African Airways (SAA) and which recently marked its 10-year anniversary, suffered a net loss of R36.9m in the year ended March 2016. The decline in profit comes after the airline made a net profit of R40.26m in 2013/14 and R38m in 2014/15.

Mango’s loss comes despite accusations of allegedly engaging in predatory pricing as it sub-leases aircraft from SAA at discounted prices, allowing it to price flights at below operational costs.

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